Tips for Paying for Your MBA Degree
If you are interested pursuing an MBA degree, paying for your MBA degree should be on the top of your list of things to consider. Like any investment, a graduate business degree comes with a large price tag. And although the career benefits far outweigh the costs, paying for your MBA degree can be a challenge.
For many years, MBA students have relied on employee tuition reimbursement programs to fully or
partially fund their MBA degrees. According to a recent Graduate Management Admission Council (GMAC) Alumni Perspectives Survey, employer support has declined in the past twenty years (see graph). This has made prospective students begin to look at other options including financial aid for MBA programs.
Financial Aid for MBA Programs
Financial assistance can come in many forms including scholarships, assistantships, grants, loans, or payment plans.
Most universities offer MBA scholarships for full-time students but few offer part-time MBA students scholarships. The George Mason MBA Program awards merit-based MBA scholarships to highly-qualified part-time MBA students who demonstrate intellectual promise in the business filed through past academic performance, GMAT test scores, and previous experience.
MBA Graduate Assistantships
Graduate assistantships for both teaching and research positions can provide a partial or full tuition waiver for students, helping you cover your expenses and providing educational and research opportunities. Learn more about Mason’s MBA graduate assistantships.
Some universities offer students a payment plan option for those who need to budget their tuition. George Mason’s Students Accounts Office can help students arrange a payment plan.
Federally funded programs can also assist qualified applicants who have financial eligibility to help meet their education and living costs. You can learn more about which programs you qualify for by visiting Mason’s Office of Student Financial Aid.
Located in the metro Washington, D.C. area, George Mason’s MBA Program, prepares the next generation of business leaders through a rigorous, stimulating business and management curriculum based on a global perspective, industry demand, and leadership preparing graduates with the skills they need to pursue the career they want. Mason’s MBA program is ranked #74 on the “Best Part-time MBA” list by U. S. News & World Report.Open modal
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